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Dec 30, 2012
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. >> to avoid the fiscal cliff -- >> if we go over the fiscal cliff -- >> try to avert the fiscal cliff. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>> from the david petraeus scandal to the trayvon martin tragedy. the media's performance in 2012, we'll have a report card. i'm howard kurtz and this is "reliable sources." >>> it was a striking moment when david gregory brandished that high ammunition magazine last sunday so much so we played it on this program. but that braumpted a d.c. police whether he violated the city's gun laws, one controversy that they fuind under assault. and eric who blogs about the media for "washington post." simple question, eric, should david gregory be prosecuted? >> well, i think he should be investigated. i'll leave that up to the prosecutors. but i definitely do believe unli
. >> to avoid the fiscal cliff -- >> if we go over the fiscal cliff -- >> try to avert the fiscal cliff. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>>...
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Dec 28, 2012
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. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us. one final desperate attempt to dodge the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority le
. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us....
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Dec 29, 2012
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the fiscal cliff. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders. cnn radio capitol hill correspondent lisa desjardins is in washington. good morning, lisa. you were on capitol hill yesterday for all of the political action between president obama, congressional leaders. do you think we're closer to a deal? i'm hearing optimism from the president. is that real or is that imagined? >> reporter: right. what do you say? mod deftly or moderately optimistic he said? i think it's for real. people have wanting to get to this point for even a chance at a deal. that's where we are. not a deal yet but there's a chance for a deal. now two senators being the principal negotiators. mitch mcdonaconnell and harry r.
the fiscal cliff. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders....
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Dec 26, 2012
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we're going deep on the fiscal cliff. we're asking them why aren't they at work and what specifics would they back in a deal to avoid the fiscal cliff and as you said, we're looking forward to it, our top five political fumbles of 2012. it will be a lot of fun wrapping up the crazy political year we've had. >> you do a good job hosting that show. >> thanks, i appreciate that. >>> it's tough losing a e pet, but one man went to bizarre lengths to keep his beloved cat alive in spirit. year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbe
we're going deep on the fiscal cliff. we're asking them why aren't they at work and what specifics would they back in a deal to avoid the fiscal cliff and as you said, we're looking forward to it, our top five political fumbles of 2012. it will be a lot of fun wrapping up the crazy political year we've had. >> you do a good job hosting that show. >> thanks, i appreciate that. >>> it's tough losing a e pet, but one man went to bizarre lengths to keep his beloved cat alive in...
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Dec 26, 2012
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every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >> good morning to you, how are you doing today? >> i'm good. you've got some advice for people to manage their portfolios, let's start with the first step you need to review your asset classes. >> there's a study in the '80s simply says over 95% of your portfolio return will determine exactly how you choose the mixture of stocks and other investments you have in your portfolio. with the assistance of a qualified adviser making sure you have the right mixture of stocks can be ever so crucial especially during the volatile time we see in the markets today. >> if you make any changes i guess you have to take into account what your tolerance is for risk. >> yes. i mean look, we've seen the markets going crazy right now, a lot of individuals are looking up and downs and a lot of things we're telling the folks we work with, let's look at it
every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >> good morning to you, how are you doing today? >> i'm good. you've got some advice for people to manage their portfolios, let's start with the first step you need to review your asset classes. >> there's a study in the...
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Dec 27, 2012
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thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and columnist. wel
thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive...
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Jan 1, 2013
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it is like, my god, the fiscal cliff, the fiscal cliff. we'll deal with it in two months. jessica yellin, so much more to talk to you about. we'll check in later, but thanks so much. >>> as we wait for republicans and democrats to come to the microphones, one democrat just left the meeting, he's going to be joining us next. sten to thesy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today,
it is like, my god, the fiscal cliff, the fiscal cliff. we'll deal with it in two months. jessica yellin, so much more to talk to you about. we'll check in later, but thanks so much. >>> as we wait for republicans and democrats to come to the microphones, one democrat just left the meeting, he's going to be joining us next. sten to thesy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i...
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Dec 28, 2012
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cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what happens here in washington, is that nothing really happens until they're really up against the deadline. that's why i'm also told by some democrats who really know what the process is going to be, if there is one, that they don't even see this potentially happening, if there is any kind of legislation that goes before december 31st, until probably that day, december 31st, because the pressure will have to be on to get enough republicans in the house and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, jessica. now, right now, the most likely deal on the table see
cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that...
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here's what happens if we go over the fiscal cliff. all the bush tax cuts, all of them will expire with taxes going up an average of $1600 per household. the payroll tax holiday also expires. that means the tax burden will go up an average $z700 per household extra. extended unemployment benefits expire so collection shrinks from 93 weeks to 26 weeks. the medicare doc fix expires, that means a 27% cut in physician payments. the alternative minimum tax expands to 27 million more americans and obama care taxes hit, meaning a 0.9% jump in the medicare payroll tax for those earning $200,000 or more. but what about the house of representatives? they left town after republicans failed to bring a vote on their own plan b last week. ohio republican congressman steve latourette seems kpas rat -- kpas rated about all of this. you're on your way out and you repudiated the norquist pledge which you signed back in 1994. tell me why? >> well, i repudiated it because, listen, it's not 1994 anymore. the world has moved on. we have the euro, we've had
here's what happens if we go over the fiscal cliff. all the bush tax cuts, all of them will expire with taxes going up an average of $1600 per household. the payroll tax holiday also expires. that means the tax burden will go up an average $z700 per household extra. extended unemployment benefits expire so collection shrinks from 93 weeks to 26 weeks. the medicare doc fix expires, that means a 27% cut in physician payments. the alternative minimum tax expands to 27 million more americans and...
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Dec 24, 2012
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it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii? >> reporter: the president has been getting in some r and r. he arrived saturday morning. he played golf with some of his buddies. he wept outer with his wife. yesterday he attended the ceremony for senator daniel inn way. and then he went for a hike in the afternoon with his daughters. this may be his one chance for a vacation and you may recall he didn't get one this summer. he decided not to go on his normal vacation in the election year. so this is really it for him. >> brianna keilar, thank you. >>> the gun control debate is intensifying. the nra's executive vice president made the circuit on su
it appears those spending cuts that are the other part of the fiscal cliff will likely set in. and then what happens there will maybe be something that democrats and republicans try to deal with in the coming weeks, in the coming months. that means even come say the end of the year here or if we go over the cliff and there's some quick resolution, it's not for everything and we'll be dealing with a lot of these problems for some time, carol. >> what's the president doing in hawaii?...
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Dec 28, 2012
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cliff, which is the biggest portion of the fiscal cliff. the president has put many proposals on the table, as you know. speaker boehner walked away from the last proposal. hopefully this time will be different. the speaker has to allow the house to work its will, to have a majority vote here. he's not allowed us to have a vote on a senate-passed bill. hopefully he'll allow us to have an up or down vote on whatever comes out of this meet pg. >> now the ball is in the senate's court and we know leader reid will have to put some sweeteners into this bill to get a few republicans to sign on to get maybe some of the retiring republicans or those who are not -- well probably just retiring republicans since things have gone over the past few months in the senate. what things in this bill would you say would not get democratic support? what's off limits? >> what we're talking about now is the tax part of the fiscal cliff. as you know, the senate on a bipartisan basis has already passed a bill. so that has to be the foundation of more than the sena
cliff, which is the biggest portion of the fiscal cliff. the president has put many proposals on the table, as you know. speaker boehner walked away from the last proposal. hopefully this time will be different. the speaker has to allow the house to work its will, to have a majority vote here. he's not allowed us to have a vote on a senate-passed bill. hopefully he'll allow us to have an up or down vote on whatever comes out of this meet pg. >> now the ball is in the senate's court and we...
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Dec 30, 2012
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i will give you one guess but fiscal cliff. take a look at some of what was said. >> i'm interested in getting a result here. >> i remain hopeful, unrealist buc prospects of reaching a barn agree r >> beyond hope, do you think the chances are good? >> we are not there yet, trying to line up rubik's cube now, we are not there yet. >> the next 48 hours do we have a deal? >> no. >> no deal in the next 48 hours? >> no, i don't think so >> what happens after that? [ no audio ] >> i think the leadership is now working. it will probably be an immediate deal. in other words it is not going to solve all the problems forever, but it's gonna solve certain problems. >> what we are seeing here is monumental failure of presidential leadership. the president's the only person with a pen who can sign this and it is the president's responsibility to work on something the house will pass, the senate will pass and the senate will sing. he is outsourcing. this >> the president had put serious spending cuts on the table. answered speaker boehner, a
i will give you one guess but fiscal cliff. take a look at some of what was said. >> i'm interested in getting a result here. >> i remain hopeful, unrealist buc prospects of reaching a barn agree r >> beyond hope, do you think the chances are good? >> we are not there yet, trying to line up rubik's cube now, we are not there yet. >> the next 48 hours do we have a deal? >> no. >> no deal in the next 48 hours? >> no, i don't think so >> what...
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Jan 1, 2013
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happening now, a fiscal cliff hanger. the senate bipartisan bill faces a very uncertain future in the republican-led house. >> our speaker has said, when senate acts, we will have a vote in the house. that is what he said. that is what we he can be pekt. that is what the american people deserve. >> but is a sudden rift in the republican leadership putting it all in jeopardy? >> also, we're breaking down the deal on the table right now. we're going to show you how it impacts view your bottom line. >>> and what about the secretary of state? her dangerous blood clot. what could that mean for hillary clinton and her political future? i'm wolf blitzer. you're in "the situation room." right now we're following breaking news. all eyes are in the house of representatives where lawmakers are weighing the future of a bill that's now effectively a fiscal cliff fix. no vote has been scheduled on the bill that the senate passed in the middle of the night after steep tax cuts and spending cuts kicked in. speaker john boehner has been t
happening now, a fiscal cliff hanger. the senate bipartisan bill faces a very uncertain future in the republican-led house. >> our speaker has said, when senate acts, we will have a vote in the house. that is what he said. that is what we he can be pekt. that is what the american people deserve. >> but is a sudden rift in the republican leadership putting it all in jeopardy? >> also, we're breaking down the deal on the table right now. we're going to show you how it impacts...
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Dec 31, 2012
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now, let's switch to the fiscal cliff. and what that is going to cost you. without a deal, you'll be paying lots more in tachxes. say you're single and working hard, you don't have kids, you earn $80,000 a year. if it does not go into effect, you'll pay an additional $3,000 more than what you already pay in taxes. the middle class families will get hit harder, two kids, both parents work. together you earn $80,000 a year. guess what, if there is no deal, you would owe $6,000 more in taxes next year. with so many variables, the question is how is wall street reacting? the stock market dipped every day last week. question is, what is next? alison kosik is there for us at the new york stock exchange. alison, business leaders fed up with the lack of progress. but now that they say a deal is in sight, a good thing, how are investors reacting to congress', well, ineffectiveness, let's say. >> exactly. so this is definitely a market day where it is reacting to all these headlines coming out. we saw the market go up a bit when new
now, let's switch to the fiscal cliff. and what that is going to cost you. without a deal, you'll be paying lots more in tachxes. say you're single and working hard, you don't have kids, you earn $80,000 a year. if it does not go into effect, you'll pay an additional $3,000 more than what you already pay in taxes. the middle class families will get hit harder, two kids, both parents work. together you earn $80,000 a year. guess what, if there is no deal, you would owe $6,000 more in taxes next...
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Dec 24, 2012
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the fiscal cliff looming, they took to the air. voters watched this debacle with increasing dread, while visions of total victory danced in paul's head." goes on to say, "democrats balked at a tight spending cap. republicans kept pushing their anti-tax pact. thursday evening, ere christmas there arose such a clater, reporters sprang to the capitol to see what was the matter? house dems realized with glee the speaker could not pass his own plan b." you know that, dana, because you were there on the capitol saying this is devastating for speaker boehner. everyone is crossing their fingers, hoping a loast-minute deal will come together. let's hope. >> it's looking a lot less likely. i'm certainly hearing it from my sources. but we can always hope for a christmas miracle. >> that's right. >>> speaking of christmas, people are hoping for a white christmas on the roads and at the airport across the country. they're crossing their fingers for clear weather. >> a big storm out west already delaying travel plans. san francisco bay area deal
the fiscal cliff looming, they took to the air. voters watched this debacle with increasing dread, while visions of total victory danced in paul's head." goes on to say, "democrats balked at a tight spending cap. republicans kept pushing their anti-tax pact. thursday evening, ere christmas there arose such a clater, reporters sprang to the capitol to see what was the matter? house dems realized with glee the speaker could not pass his own plan b." you know that, dana, because you...
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would you vote for that as an alternative to going over the fiscal cliff? >> i would have voted just to extend the tax cuts for 99.8% or whatever it was of americans that was john boehner's plan "b." a couple of things are either being misreported or inaccurately reported because what gets in the way of the president's plan is the constitution of the united states. and the good thing about this meeting is that the focus is now firmly on the united states senate where it should have been all these months. the house acted a long time ago to extend all the tax cuts and take care of sequestration. the senate has given speeches. >> you're referring to the fact that revenue issues are supposed to generate in the house. right now, both speaker boehner and the president say it's between reid and mcconnell which does raise the question, whatever procedural and constitutional issues, which are profound. are you concerned as a republican, someone who is close to speaker boehner, if we go over the fiscal cliff, that republicans will get the blame? >> well, of course th
would you vote for that as an alternative to going over the fiscal cliff? >> i would have voted just to extend the tax cuts for 99.8% or whatever it was of americans that was john boehner's plan "b." a couple of things are either being misreported or inaccurately reported because what gets in the way of the president's plan is the constitution of the united states. and the good thing about this meeting is that the focus is now firmly on the united states senate where it should...
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Dec 25, 2012
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the fiscal cliff negotiations. if no deal is reached in one week, the tax cuts enacted under president bush will expire and 1.2 trillion in spending cuts will automatically go into effect. if we do go over the fiscal cliff, how will it affect you from your paycheck to your retirement accounts? we're going to give you all the tips you need to protect yourself. here to do that this morning is ry ryan mac, president of opt middle school management. >> kudos for being able to pronounce that honolulu merry christmas saying. >> i don't think i can do it again. ahah! let's start with your paycheck as it applies to the fiscal cliff. if we go off the fiscal live how will mooirn and everybody's paycheck be affected? the majority of the paycheck won't be afeektded until 2014 when people file for 2013 stackses. there are certain things that are impacted right away like the payroll tax cut. for individuals earning about $50,000 a year, they'll be having to pay about $85 less because of the payroll tax cut will be expiring so th
the fiscal cliff negotiations. if no deal is reached in one week, the tax cuts enacted under president bush will expire and 1.2 trillion in spending cuts will automatically go into effect. if we do go over the fiscal cliff, how will it affect you from your paycheck to your retirement accounts? we're going to give you all the tips you need to protect yourself. here to do that this morning is ry ryan mac, president of opt middle school management. >> kudos for being able to pronounce that...
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Dec 27, 2012
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. >>> and just five days until the fiscal cliff. president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this radar, system serious snowmaker. it's packing destructive winds, six states under winter storm warnings right now. pennsylvania, new york, massachusetts, new hampshire, vermont and maine. all could see a foot of snow or more. more than 200,000 customers spanning several states already without power. 1,700 plus flights canceled yesterday. imagine that. hundreds more already taken off the board this morning. there are six deaths being blamed on the weather since tuesday and the threat hasn't passed yesterday. bonnie schneider, meteorologist checking the system from the c
. >>> and just five days until the fiscal cliff. president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this...
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Dec 24, 2012
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apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. lawmakers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >>> a united states senator was arrested for drunk driving early sunday morning. idaho republican mike crapo was taken to jail in alexandria, virginia, after midnight. he was stopped for running a red light and charged with driving under the influence. senator crapo has issued an apology. he was released on $1,000 bond and he has a court date. >>> christmas, two days away, and for much of the country it's going to be a white one. heavy snowfall has blanketed several states, in the mountains of california up to five feet of snow is expected. snow is also falling back east as well. lake-effect snow has blanketed areas around cleveland and buffalo. high winds are threatening to delay flights at airports in new york, philadelphia and washington. >>> i ha
apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. lawmakers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >>> a united states senator was arrested for drunk driving early sunday morning. idaho republican mike crapo was taken to jail in alexandria, virginia, after...
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at least when it applies to sports. >> and fiscal cliff. which i think i've said a billion times already today. that is right up there. and i get that one. >> yeah, well, fiscal cliff. it involves economics, it involves politics. a lot of people think it's going to increase the deficit, which it isn't. a lot of people are worried it's going to decrease the deficit. so a lot of complicated issues and political issues. and we hear it all of the time. >> let's talk about lake superior state university and how this list compiling all began. >> it was a bet new year's eve, 1976. >> long ago. >> yep. and they discussed how many words and phrases are overused too often. and the originator of this list back in 1976 went back and drew up a list of five words to submit to upi, united press international. and the whole thing took off from there, and we take nominations from all over the world. whatever floats to the top gets to our list. >> and is i was going to ask how that happened. people can, what, make suggestions, somehow contact your university
at least when it applies to sports. >> and fiscal cliff. which i think i've said a billion times already today. that is right up there. and i get that one. >> yeah, well, fiscal cliff. it involves economics, it involves politics. a lot of people think it's going to increase the deficit, which it isn't. a lot of people are worried it's going to decrease the deficit. so a lot of complicated issues and political issues. and we hear it all of the time. >> let's talk about lake...
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that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the work load. and there would be unexpected higher taxes for most americans because, remember, that's another part of the equation. so many different groups could be hit in many different ways at many times, but the bottom line is if these negotiations continue to stall and don't come through, and the cliff comes, people will indeed feel it all over this country. >> all right, tom foreman, that was cnn's tom foreman in washington. as we await this 3:00 p.m. meeting at the white house, an attempt to reach an agreement before we hit the fiscal cliff on tuesday. stay tuned. >>> one-two weather punch, a massive storm causing huge problems since christmas day finally over. but another is on the way. chad myers is tracking this latest storm for us. heart break for dozens of american families in the process of adopting children from russia as russia's president signs an adoption ban. stop! stop! stop! come back here! humans -- we are beautifully imperfe
that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the work load. and there would be unexpected higher taxes for most americans because, remember, that's another part of the equation. so many different groups could be hit in many different ways at many times, but the bottom line is if these negotiations continue to stall and don't come through, and the cliff comes, people will indeed feel it all over this country. >> all right, tom foreman, that was...
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Dec 26, 2012
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if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks says, hey, you know what? let's write on our coffee cups "come together." do you think anybody will pay attention to that in washdz? >> you know what? anything and everything helps. just merely spreading the message america is watching and waiting for congress to act to find a way to reason together, that's an important act, and everyone doing their part can do, i say good on him. we need to send this message to washington and make sure it isn't settled. we'll go deeper into this tonight at 7:00 as well. this is urnlggent. the clock is ticking, s
if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks...
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Dec 28, 2012
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starting with the fiscal cliff. it is so complicated and confusing, boehner saying the senate must go first. harry reid saying the u.s. is going over the cliff. consumer confidence numbers are down. markets are roiled, and it's not surprising people are worried. but now factor in as tim geithner said that the debt ceiling would be reached by the end of the year. $16.4 trillion. extraordinarily measures. now, what does extraordinary measures mean? suzanne, i'll tell you. it means literally robbing peter to pay paul. shifting the money around. so that you can actually keep paying the bills before you hit the ceiling. all in all, i can't remember an end of a year, suzanne, when we've had two so serious issues affecting the u.s. economy all at the same time. >> it is worrisome. i wonder, richard, do we have any sense of how the markets, the global markets, are even reacting to the potential, the possibility that we'd go over the cliff? >> reporter: yes. at the moment, it is quite clear they are holding their nose from t
starting with the fiscal cliff. it is so complicated and confusing, boehner saying the senate must go first. harry reid saying the u.s. is going over the cliff. consumer confidence numbers are down. markets are roiled, and it's not surprising people are worried. but now factor in as tim geithner said that the debt ceiling would be reached by the end of the year. $16.4 trillion. extraordinarily measures. now, what does extraordinary measures mean? suzanne, i'll tell you. it means literally...